A recent discussion hosted by Citizen’s Platform for SDGs highlighted the critical need for a national budget that reflects the aspirations of the people and tackles the harsh economic realities plaguing Bangladesh.
The spectres of inflation and a ballooning national debt cast a long shadow on the economy of Bangladesh. Speakers at the discussion rightly pinpointed the need to curb capital flight, dismantle syndicates manipulating prices, and optimise the capacity of government institutions. These are essential steps towards ensuring the responsible use of public funds and shielding ordinary citizens from the brunt of economic hardship.
The discussion underscored the importance of investing in human capital. A robust education system and social safety nets are fundamental for a thriving society. However, simply allocating a higher budgetary percentage is insufficient. As speakers pointed out, ensuring quality education and eliminating child marriage are crucial for reaping the full benefits of such investments.
The conversation also shed light on regional disparities in development. Overdependence on Dhaka and Chattogram for economic activity neglects the immense potential of other areas. A more balanced approach to development, with minimised wastage of public funds, is imperative.
The success of the budget hinges on transparency and accountability. The speakers’ call for a more efficient bureaucracy and robust measures to combat corruption resonates deeply. Citizen participation and holding ministries accountable are vital in this endeavour.
The Citizen’s Platform’s survey results offer valuable insights into public priorities. The overwhelming demand for measures addressing unemployment underscores the urgency of creating decent job opportunities. Education, social protection, and skill development are all essential components for empowering citizens and fostering an inclusive society.
The new national budget must bridge the gap between aspirations and realities. By prioritising good governance, investing strategically in human capital, and ensuring equitable development, the government can lay the foundation for a more prosperous and just Bangladesh. The path forward requires a multi-pronged approach that tackles corruption, empowers citizens, and prioritises the well-being of all.